AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03 Material Modification of Rights of Security Holders.
Effective September 10, 2018 the sole holder of Series A Preferred Stock (the “Series A Preferred”) of Amazing Energy Oil & Gas, Co. (“Amazing Energy” or the “Company”) has agreed to material modifications of the rights associated with the Series A Preferred. Jed Miesner is the holder of 9,000 shares of Series A Preferred that possess the right to vote on any matters to which common stock holders of the Company are entitled to vote. The 9,000 shares of Series A Preferred possess the voting power equivalent to 90,000,000 shares of the Company’s common stock. Mr. Miesner has agreed, until 1/1/19 to not vote the Series A Preferred shares on any matter not related to a change of control of the Company or its assets.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 10, 2018 Jed Miesner resigned from his positions as President, and Chairman of the Board of Directors (the “Board”) of Amazing Energy. Mr. Miesner will remain on the Board and will assume the position of Acquisitions Manager for the Company.
Will McAndrew III, the Company’s Chief Executive Officer will assume the duties of President of Amazing, and Board member Tony Alford has been appointed Chairman of the Board.
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
About AMAZING ENERGY OIL AND GAS, CO. (OTCMKTS:AMAZ)
Amazing Energy Oil and Gas, Co. is an independent energy company. The Company is engaged in the business of exploration, development and production of oil and gas in the Permian Basin of West Texas. The Company is also engaged in the production and sale of oil and natural gas. The Company is developing resource potential from the Queens formation. Its additional drilling targets include the Greyburg, San Andreas and Devonian zones. As of July 31, 2016, the Company had leasehold rights within approximately 70,000 contiguous acres in Pecos County, Texas, which lies within the Permian Basin. The property is located in the Northeast region of the County. The Pecos leasehold lies within the White & Baker Field and portions of the Walker Field. The Pecos leasehold consists of multiple leases. As of July 31, 2016, its estimated net proved reserves were 745,190 barrels of oil equivalent (BOE). As of July 31, 2016, the Company owned 22 oil and gas wells in the Permian Basin.